Analysis: Trump deliberately crashed the market to force the Fed to cut interest rates
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Odaily reports that crypto analyst Anthony Pompliano (Pomp) has put forward a bold theory: the Trump administration may be deliberately creating chaos in the stock market, with the aim of forcing the Federal Reserve to cut interest rates to avoid the US having to refinance about $7 trillion in debt. Pomp points out that the yield on the 10-year US Treasury bond has fallen from 4.8% in January to the current 4.21%, indicating that the strategy is "moving in the right direction". Trump had previously stated on Fox News: "When interest rates are high, no one can get rich, because people can't borrow money." The market expects the Fed to maintain the current interest rate at its March meeting, but the possibility of a rate cut in May is already close to 50%. Under the game between Trump and Powell, the market continues to be under pressure, with having fallen 27.4% from its all-time high, and the global crypto market cap evaporating over $120 billion. (Cointelegraph)
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